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). While the latter step is criticized as being in conflict with the deregulation decision, the nature of the remedy being on … philosophy of market regulation and deregulation: (i) First, does the regulator have a responsibility to pursue a regular … driving role for deregulation of fixed access and calling markets, which are freed from regulation including margin squeeze …
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Independent regulatory authorities are a basic prerequisite for a successful liberalization process. However, contrary to what is expected, both graphical analyses and OLS regressions for a small sample of electricity and gas regulators operating in 16 European countries reveal a negative...
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This article explores the effect of delays in updating prudential regulation on countries' likelihood of experiencing banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in revising banks' prudential regulation allow banks to...
Persistent link: https://www.econbiz.de/10013011278
To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...
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This article reviews the consequences of liberalization and regulation processes on services of general interest in Europe, in the context of economic integration. It highlights the differences observed between network utilities like telecommunications, electricity and gas, on the one hand, and...
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